| Author (Corporate) | European Economic and Social Committee |
|---|---|
| Series Title | Press Release |
| Series Details | CES/09/72 (20.05.09) |
| Publication Date | 20/05/2009 |
| Content Type | News |
|
The European Economic and Social Committee (EESC) fully supports the Commission's plan to regulate and register Credit Rating Agencies (CRAs). The CRAs played a defining role in the development and credibility of structured products that have turned out to be toxic and have destroyed hundreds of billions of dollars worth of assets. |
|
| Source Link | Link to Main Source http://europa.eu/rapid/pressReleasesAction.do?reference=CES/09/72&format=HTML&aged=0&language=EN&guiLanguage=en |
| Subject Categories | Business and Industry |
| Countries / Regions | Europe |
